Court of Appeal (Civil Division).

Hobhouse, Pill and Mummery LJJ.

Judgment delivered 25 November 1997.

Value added tax – Exemption – Negotiation of or making arrangements for granting credit – Arrangement with financial institution for advantageous credit card facilities to be granted to members of association – Association to receive commission for introducing members to the scheme – Whether commission paid to association within exemption – Value Added Tax Act 1983, Sch. 6, Grp. 5, items 2 and 5 (Value Added Tax 1994, Sch. 9, Grp. 5, items 2 and 5); Sixth VAT directive (Directive 77/388) of 17 May 1977 (OJ 1977 L145/1), art. 13(B)(d)(1).